ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0293%/8h= +32.1% APRnext payment +$0.37 per $10,000 · paid last 24h +0.040%

Price spread now: GMX against Hyperliquid+0.210%7-day average +0.013% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.154%+$15 on $10k

Price spread, last 3 days (all we have)−0.065%−$6 · spread now +0.210%, 7d avg +0.013%

Together, before fees+0.089%+ Points / potential airdropHyperliquid: Season 2 · farm board+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and GMX is 0.197% dearer against Hyperliquid than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ADA	0.2442	0.0100	pay 0.0013% / 1h	56m 53s	$42.6M	$14.3M	10x
Short	GMX ADA/USD [WBTC.b-USDC]	0.2447	L +0.0626% / S −0.0393%	get 0.0049% / 1h	56m 53s	$141K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee GMXbpOrdersPrice spread, now +0.210%Rate

Funding earned: $61.49
Price spread: +0.210% → +0.013%: $19.7
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: $60.19
Costs to cover: 0.210%
Break-even: 0.1 days

Slippage unknown: Hyperliquid: live order book, 6 min ago; GMX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Hyperliquid live order book, 6 min ago	1.63 bp	9.5 bp −$10	12.9 bp −$129	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ADA on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ADA-USD	0.0000%	1h	0.2448	+0.237%	$201K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2452	+0.418%	$205K	$6.3M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2447	+0.217%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+1.196%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0048%	1h	0.2451	+0.377%	$430K	$7.4M	50x	as long as short
Phoenix ADA	+0.0098%	1h	0.2456	+0.594%	$4K	$80K	10x	as long as short
Hyperliquid ADAlong	+0.0100%	1h	0.2442	long leg	$42.6M	$14.3M	10x
Aster ADAUSDT	+0.0100%	8h	0.2444	+0.080%	$1.2M	$966K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2450	+0.321%	$157K	$156K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2442	+0.024%	$101.6M	$373.1M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2440	−0.074%	$71.6M	$107.2M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2440	−0.074%	$32.3M	$107.3M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2441	−0.033%	$98.1M	$57.8M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2442	+0.008%	$50.3M	$50.3M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2444	+0.070%	$30.0M	$18.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2440	−0.074%	$65.7M	$45.8M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2442	+0.008%	—	$6.5M	—	as long as short
Variational Omni ADA	+0.0100%	8h	0.2451	+0.380%	$4.2M	$966K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2453	+0.442%	$65K	$281K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2453	+0.477%	$290K	$3.7M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2454	+0.500%	$56K	$586K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2451	+0.360%	$93K	$654K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2447	+0.213%	$6K	$29K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2448	+0.238%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2448	+0.255%	$9K	$771K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2447	+0.192%	$336	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2447	+0.228%	$1.3M	$5.7M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2446	+0.172%	$47.6M	$6.4M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2441	−0.016%	$533K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0104%	8h	0.2451	+0.393%	$21K	$250	20x	as long as short
Lighter ADA	+0.0112%	1h	0.2442	+0.029%	$2.4M	$1.0M	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0159%	1h	0.2447	+0.225%	$490K	$461K	50x	as long as short
Backpack ADA_USDC_PERP	+0.0174%	1h	0.2444	+0.094%	$129K	$423K	15x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2447	+0.213%	$4.4M	$5.6M	75x	as long as short
Reya ADARUSDPERP	+0.0282%	1h	0.2449	+0.296%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0355%	1h	0.2446	+0.180%	$6.2M	$12.0M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]short	L +0.0626% / S −0.0393%	1h	0.2447	+0.210%	$141K	—	100x